The next big thing from across the ditch

Financial journalist and commentator on 3AW and Sky Business
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The migration of New Zealand stocks to the Australian Securities Exchange (ASX) continues apace, with the latest trans-Tasman listing arriving today, business travel and expenses software developer Serko – one of the Kiwi bourse’s top performers – listing under the ASX code SKO.

Serko brings to 55 the number of New Zealand companies listed on ASX, with most of these dual listings with the home exchange. Of the top ten New Zealand companies by market value, only one, retirement village and rest home operator Ryman Healthcare, is not listed on the ASX; although, given its expansion across the Tasman – it has two retirement villages in Victoria and has secured sites for six more – that can’t be far off.

Let’s look at three New Zealand success stories and analyse what that means for Serko.

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